Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$454,094$337,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$2,844.50$2,336.78
2nd payment$0.00$0.00
Taxes / mo$587.33$587.33
Insurance / mo$150.00$150.00
MI / mo$212.86$67.50
HOA / mo$424.00$424.00
Total monthly$4,218.70$3,565.62
Cash to close$0$37,500